If a lender makes a simple loan of $700 for 3 years and charges 7%, then the amount that the lender receives at maturity is $

(Round your response to the nearest two decimal place)

If a lender makes a simple loan of $1000 for one year and charges $130 interest, then the simple interest rate on that loan is %.

(Round your response to the nearest whole number) i

if a borrower must repay $106.50 one year from today in order to receive a simple loan of $100 today, the simple interest on this loan is

A.6.0%

B.5.0%

C.6.5%

D.65%